Traders watched support near $3,800 and a weekly bull-flag setup targeting ~$10,000.
Ethereum price prediction abounds in crypto news today, even as the coin just crashed below the $4K level.
While more recently and earlier today, it traded slightly higher as markets stabilized after recent liquidations.
At press time, however, Ethereum (ETH) price was not looking up, having lost 3.8% in a day. It was trading at $3,953 after clocking a 24-hr high of $4204.
That said, analysts have tracked a rebound in leverage that raised near-term risk even as sentiment stayed cautious.
Crypto-wide liquidations exceeded $650 Million in 24 hours, according to CoinGlass. ETH accounted for roughly $115 Million of that total.
The largest single liquidation involved an ETH pair on OKX at about $5.5 Million. That event reflected clustered stop-outs after earlier rebounds failed.
Traders reported bids around the $3,800 area. Market depth suggested long-term participants added exposure into weakness.
In the light of these developments, Analysts said that zone aligned with prior demand and a round-number anchor, sharing price predictions for the coin.
Open interest in ETH futures rose about 8% in a day. That increase pointed to fresh leverage despite fading spot inflows.
CryptoQuant’s Maartunn said most leverage-driven rebounds failed to hold. He posted on X that funding and liquidation clusters remained elevated.
“Revenge trading” described the pattern well. Traders tried to recover losses quickly and often fueled short-lived rallies.
The weekly chart still showed a bull-flag structure. A bull flag is a pause after an advance that can continue the prior trend if Ethereum price breaks higher.
If confirmed, the pattern implied a measured move near $10,000. That target followed the flag-pole math rather than a discretionary call.
Momentum cooled over the past seven weeks as RSI drifted lower. RSI, or Relative Strength Index, gauges speed and size of recent moves; readings near 50 indicate balanced momentum.
Van de Poppe, CIO of MN Fund and MN Capital, said ETH remained in consolidation. As part of his Ethereum price prediction, he highlighted the ETH/BTC ratio near 0.032 as a potential buy zone for rotation
Titan of Crypto argued a multi-year RSI breakout stayed valid. He said that backdrop kept a larger move on the table once leverage reset.
Daily structure mattered. A close back above recent breakdown levels would reduce downside risk.
Volume confirmed the stress. Spikes on down days suggested forced flows rather than orderly distribution.
Funding rates and basis remained key to watch. Compressed basis with rising open interest often preceded whipsaws.
A durable advance would likely need cleaner positioning. That meant lower funding, fewer crowded longs, and a reduction in liquidation hotspots.
Spot demand would need to replace derivatives-led bounces. Evidence of steady net buying and thicker bids would support that shift.
Network fundamentals still looked constructive. Staking participation, active development, and the expanding layer-2 stack underpinned long-term interest.
Flows into spot venues and improved breadth would help validate a break higher. Breadth refers to how many tokens or sectors participate in an advance.
Broader participation usually signals healthier risk appetite. For ETH, maintaining the weekly range while defending $3,800 would keep the bull-flag case intact.
A clean break and hold above recent lower-highs would then open room toward prior peaks.
In sum, the path to $10,000 depended less on momentum and more on stability. A leverage reset, stronger spot flows, and constructive structure would be the necessary mix.
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